Welcome Cobb EMC Member Owners & Friends 190,000+ Member Owners - - PowerPoint PPT Presentation

Welcome Cobb EMC Member Owners & Friends

• 190,000+ Member Owners
• Largest group of members

among the 42 Electric Coops in Georgia

• One of the largest EMCs in the

country

• History of member action

Mission Statement for Coops

Where our energy comes from…

Energy Source

Coal & Nat Gas Nuclear Hydro & Solar

Energy Efficiency Improvements Help at Home

• Control over living

environment

• Lower monthly utility bills
• Less power consumption
• Economic development
• Builds local workforce roles
• Reinforces community values
• Improved housing with lower

maintenance costs

• Improved health
• Better air & water quality
• Lower healthcare costs
• Lower health insurance rates
• Lower carbon emissions!

Why Inclusive Financing?

• An energy efficient home lowers bills

and helps the environment

• Most people won’t prioritize

efficiency on their own

• Inclusive Financing removes barriers -

no loan, no FICO, no lien, and no debt associated with this transaction

• Energy efficiency should be looked at

as part of the energy portfolio

• Board members currently evaluating

business case for Inclusive Financing

• Members should tell EMC they want

and need inclusive financing

How Inclusive Financing Works

• Energy saving upgrades installed in your home or building, Member pays

nothing upfront.

• The Co-op pays for the installed energy solution using a vetted coop

partner energy contractor(s).

• To recover its costs, the Co-op puts a fixed charge on Member’s electric bill

that is less than the estimated energy savings from upgrades.

• Member needs no loan, no FICO score check, no lien, and no debt

associated with this transaction; just lower energy bills and a more comfortable home.

• When the utility recovers its costs, fixed charge ends.
• If you leave move, fixed charge stays with the meter

Inclusive Financing for Building Owners, Landlords, Renters

• Lower Energy Costs
• Lower Rents
• Improved Property Marketability
• Benefits Stay with the Unit as

tenants move

• Healthier Buildings
• Lower Maintenance Costs
• Potential for Energy Tax Credits

Benefits for the Co-op

• Provides high degree of service to members
• Delivers greater equity
• reaches all members
• works for renters, condo owners
• works for all income levels
• works for small business
• Energy choice & independence
• Lowers reliance on fossil fuels
• Reduces energy use and exposure to volatile energy pricing
• Lowers energy costs for all members
• Improves member energy use & transformation versus low adoption rates
• f programs with loans & credit score barriers

How to Contact your r Cobb EMC Board to Su Support rt In Inclu lusiv ive Fin inancin ing

• Edward Crowell, vice chairman - District: 1
• 770-429-2171, edward.crowell@cobbemc.com
• Rudy Underwood, secretary-treasurer - District: 2
• 770-429-2172, rudy.underwood@cobbemc.com
• Kelly Bodner - District: 3
• 770-429-2173, kelly.bodner@cobbemc.com
• David McClellan, chairman - District: 4
• 770-429-2174, david.mcclellan@cobbemc.com
• Tripper Sharp - District: 5
• 770-429-2175, tripper.sharp@cobbemc.com
• David Tennant - District: 6
• 770-429-2176, david.tennant@cobbemc.com
• Malcolm Swanson - District: 7
• 770-429-2177, malcolm.swanson@cobbemc.com
• Bryan Boyd - District: 8
• 770-429-2178, bryan.boyd@cobbemc.com
• Eric Broadwell - District: 9
• 678-520-7337, eric.broadwell@cobbemc.com

Importance of Energy Choice

• Cobb EMC did not opt-in for the Plant Vogtle

nuclear plant

• Cobb EMC is closing on a campus solar solution

to run its own operations

• Solarize Crowdfunding is an option for our

communities ($2.60/kW res, $1.43/kW commercial)

• Other EMCs are exploring PAYS & following Cobb

EMC’s lead

• Georgia Power Integrated Resource Plan (IRP)
• included more solar into its IRP
• included a PAYS test

Traditional Solar Investment

Solarize Cities Atlanta Decatur-Dekalb Carrollton Roswell Savannah Athens Norcross Central Georgia

Cobb EMC Rates Plans

Peak (1-9pm) Off Peak (6a-1p), (9p-noon) Super Off Peak (noon – 6a) Service Fee/ Month STANDARD 8.25/kWh/1st 1000kWh, winter 8.95>1000kWh, summer 12.40>1000kWh $25 Nite Flex for EVs 13.5/kWh 7.181/kWh 4.5/kWh > 400 free $28 Smart Choice 7.181/kWh + $5.55 > 3 kWh/hr 7.181/kWh 7.181/kWh $28 Fixed Rate 8/kWh 8/kWh 8/kWh $39 Even Bill Avg most recent 12 mo of bills + 8% risk premium (used to cover environmental factors such as weather or lifestyle changes). Prepay Like a prepay phone card, can include disconnect charges